NMDC shares surged nearly 3% on Friday, September 13, to hit an intraday peak of ₹221.9 per share, a surge driven by the company’s staggering ambition to almost double its production capacity from the current 45 million tonnes (MT) to 100 MT by 2030. It is a bold story of transformation underpinned by a profound commitment to sustainability and community upliftment.
Amitav Mukherjee, CMD (Additional Charge), NMDC, clarified that this bold growth trajectory is not just a game of numbers. It’s a subtle blend of expanding while staying true to sustainable practices that resonate deeply with environmental and social responsibilities.
As of 2:12 pm, the shares were trading comfortably at ₹221.4, registering a gain of 2.74% on the BSE, while the broader BSE Sensex rose marginally by 11.12 points to 82,974.
NMDC is not just pouring money into capacity; it is conducting a symphony of strategic investments designed to redefine operational efficiency. At the heart of this blueprint is a robust expansion of extraction infrastructure, including sophisticated slurry pipelines, advanced pellet and beneficiation plants, and a vast network of stockyards, all geared to squeeze out every ounce of operational efficiency.
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For FY25, NMDC has earmarked a huge sum of ₹2,200 crore to pursue this strategic march. Key steps include setting up state-of-the-art processing facilities and upgrading the slurry pipeline network, vital arteries that promise to reduce operating costs while dramatically reducing the environmental footprint.
But this approach is not limited to iron ore. In a move underlining its far-reaching ambitions, NMDC is actively exploring global mining opportunities in high-demand critical minerals such as lithium, cobalt and nickel.
Through its subsidiary, Legacy India Iron Ore Limited, the company is venturing into lithium mining in Australia and eyeing other international projects, positioning itself as a future-ready player in the volatile global raw material landscape, getting stronger.
With an eye on the horizon, NMDC’s drive to achieve 100 MT production target by 2030 comes against the backdrop of rising demand for iron ore, a vital link in the steelmaking ecosystem.
The company is working in a phased manner, with the first target being 50 MT by FY25, to increase its hold on the Indian iron ore market from 20% to 25%.
NMDC’s strategy is a masterstroke, positioning it not only as an iron ore giant but also as a leader in sustainable mining. This isn’t just an expansion, it’s a deliberate, calculated increase that aligns with the global effort toward greener, more efficient industrial processes.
As NMDC moves forward, it does not just pursue production targets; It redefines what it means to perform responsible mining in the 21st century.
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